34 CFR §682.702

1. (a)Limitation, suspension, or termination proceedings by the Secretary do not affect a lender's responsibilities or rights to benefits and claim payments that are based on the lender's prior participation in the program, except as provided in § 682.709.
2. (b)A limitation imposes on a lender—
   1. (1)A limit on the number or total amount of loans that a lender may purchase or hold under the FFEL Program; or
   2. (2)Other reasonable requirements or conditions, including those described in § 682.709.
3. (c)A limitation imposes on a third-party servicer—
   1. (1)A limit on the number of loans or accounts or total amount of loans that the servicer may service;
   2. (2)A limit on the number of loans or accounts or total amount of loans that the servicer is administering under its contract with a lender or guaranty agency; or
   3. (3)Other reasonable requirements or conditions, including those described in § 682.709.